Southeast Asian commercial policy: outward-looking regional integration

Hal Hill, Jayant Menon

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The ten Southeast Asian economies have had highly diverse experiences with global and regional economic integration. During the colonial era they were more or less connected to the global economy through the metropolitan powers, sometimes on a preferential/discriminatory basis. In the early post-colonial era, only Singapore,Malaysia and Thailand remained “always open”, in the sense defined by Sachs-Warner, and also in Myint’s (1972) typology of outward-looking economies. Indonesia and Burma deliberately chose to disengage from the global economy, while the Philippines adopted a comprehensive import-substituting industrialization strategy. The three Indochinese economies were increasingly engulfed in conflict, and then isolated from the west and from global markets for more than a decade from 1975.
Original languageEnglish
Title of host publicationRoutledge Handbook of Southeast Asian Economics
EditorsIan Coxhead
Place of PublicationAbingdon and New York
PublisherRoutledge Taylor & Francis Group
Pages366-384
Volume1
Edition1st
ISBN (Print)9780415659949
DOIs
Publication statusPublished - 2015

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